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CBOT® members traded 103,535 contracts yesterday, surpassing the one million mark in reaching an overall total of 1,008,165 contracts traded on the a/c/e platform since its inception on August 27, 2000. This milestone was reached with average daily trading of 84,014 contracts.
At launch, 84 CBOT® member firms were able to trade all CBOT® products on the a/c/e platform. The second phase of the alliance, scheduled to be launched in fourth quarter 2000, will include an additional 60 to 80 members and member firms who currently are in the process of signing on to the new system.
In an effort to promote liquidity and trading opportunities, the CBOT® has authorized the placing of a/c/e terminals in the middle of each of the 30-Year Treasury Bond, 10-Year Treasury Note, 5-Year Treasury Note and Dow trading pits.
Firms must be currently connected to the a/c/e platform and these terminals will connect through the CBOT® Direct MISS. Firms will be responsible for purchasing their PC and staffing the trading post. The CBOT® will waive all the network and connectivity charges through December 2000. Firms need to be aware that because of the connection to CBOT® Direct, no third party front end can be loaded on the workstation. Non-member transactions will not be allowed through these terminals.
a/c/e is a joint venture company co-owned and staffed by the world’s two leading derivatives exchanges, and provides the new platform for electronic trading at the CBOT®. The proven Eurex technology and its existing global distribution network will be the gateway to CBOT® and Eurex products for global market users, providing exchange members of both exchanges with access to the world’s premier exchange-traded derivatives through a single trading screen.
Regular trading hours for CBOT® products on the a/c/e platform (Sunday--Friday, Chicago Time): Financials: 10:00 p.m. - 4 p.m.; Agricultural: 10:10 p.m. - 6 a.m; Stock Indices & Metals: 10:20 p.m. - 4 p.m.
CBOT® open outcry hours remain unchanged.
